PORTLAND, Oregon -- Walmart will shutter its last ... CEO Doug McMillon warned that an increase in theft could force the retailer to either raise prices or close stores if the problem continued.
Walmart is closing an underperforming store in Everett that some neighboring businesses say has been plagued by theft.
(Editor’s Note: Walmart ... theft. “It’s higher than what it has historically been,” he told CNBC. McMillion reportedly said then that if authorities could not curb shoplifting, retail ...
Stay up to date on Walmart analyst ratings. How Are Analyst Ratings Determined? Analysts are specialists within banking and financial systems that typically report for specific st ...
e-commerce pure plays, or even as specific as Walmart vs. Amazon. This is about price. Walmart has long positioned itself as the lowest price leader. Not just "a low price leader," but THE low ...
WMT may not be a 'value stock' but in a choppy market, it is a supertanker sailing steadily ahead. Investors looking for ...
If that’s not corrected over time, prices will be higher, and/or stores will close.” The company did not say whether retail theft was a factor in shuttering the Walmart locations in the North ...
Walmart's CFO said shoppers are still buying fewer discretionary items, as grocery prices remain elevated ... billion marked a 7.3% year-over-year increase. Same-store sales for Walmart U.S ...
Walmart announced its ... that record-breaking retail theft had undercut the company’s economic performance of late. “Theft is an issue. It’s higher than what it has historically been,” McMillon told ...
Retail industry analysts say that rising concerns over theft may have contributed to Walmart’s decision last month to shutter its Portland stores. But it’s likely not the driving factor. Theft and ...